Which of the Following Statements About Technology Is True

question 60

Multiple Choice

Which of the following statements about technology is true?

• A) It is a sufficient but not necessary condition for economic growth.
• B) Management techniques are irrelevant to technological growth.
• C) Industrial countries follow the lead of developing countries in implementing new technology.
• D) Technological change is inversely related to a nation's ability to save.
• E) Low levels of education can impede technological progress.

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Definitions:

Manufactured Units

Manufactured units refer to the total number of units produced by a company during a specific period through its manufacturing process.

April

The fourth month of the year in the Gregorian calendar.

Sales Estimates

Sales estimates are projections of the amount of revenue that will be generated through sales activities in a future period.

Budgeted Cost

Estimated costs associated with manufacturing a product, conducting a project, or running a department during a specific period.